Author Archives: the HedgeCo News Team

Tokyo, Nov. 21 (Jiji Press)–Tokyo stocks are seen top-heavy next week, as buying on expectedly upbeat bank earnings would be countered by unabated position-adjustment selling. Growing concern over terrorism could also check active buying, traders forecast. Major Japanese banks next […]

Photo-Me International has had a fairly torrid time since the start of the month and last night it became clear exactly who has been exerting the selling pressure. It’s the market’s old friend SimonCawkwell, aka Evil Knievil. This week it […]

Ex-fund chiefs tied to fraud PBHG founders permitted improper trading, regulators say By REED ABELSON AND RIVA ATLAS New York Times Friday, November 21, 2003 Regulators on Thursday accused Gary L. Pilgrim and Harold J. Baxter, founders of PBHG mutual […]

Regulators filed civil fraud charges against the two founders of the Pilgrim Baxter mutual fund family Thursday, saying they made millions for themselves and friends in an improper trading schemethat harmed other fund shareholders. Gary Pilgrim and Howard Baxter were […]

A $750 million (E629 million) hedge fund quoted on the Irish Stock Exchange is under investigation by two US regulatory agencies over its valuation policies. Davy Stockbrokers is the sponsoring broker of the Trinity Fund, which is based in the […]

HACKENSACK, N.J.–(BUSINESS WIRE)–Nov. 21, 2003–Global Investment Systems, announced today that its June 2003 release of MSHARE(R) had features in place to combat market timing, once again, provingGIS is the leader in anticipating industry trends and providing for client needs. In […]

PHOENIX–(BUSINESS WIRE)–Nov. 21, 2003–QuoteMedia, Inc. (OTCBB:QMCI) announced today a contract with leading full-service investor relations firm Equity Alliance International, LLC, to provide acomprehensive range of market data solutions for its extensive network of investors, brokers, market commentators and stock analysts. […]

NEW YORK (AP) — The founders of the Pilgrim-Baxter fund family were charged by state and federal regulators Thursday with improper trading of their funds to benefit themselves and friends at theexpense of longer-term shareholders. The civil actions by the […]

NEW YORK, NY — (MARKET WIRE) — 11/19/2003 — A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased orotherwise acquired shares or other ownership […]

TOKYO, Nov. 21 (Kyodo) — The U.S. dollar rose slightly against the yen Friday morning in Tokyo as some U.S. hedge funds converted yen-denominated shareholdings into dollars to repatriate prior tothe Nov. 30 book-closings. The late-morning dollar selling pared most […]

NEW YORK (AP) – Regulators filed civil fraud charges against the two founders of the Pilgrim Baxter mutual fund family Thursday, saying they made millions for themselves and friends in an impropertrading scheme that harmed other fund shareholders. Gary Pilgrim […]

NEW YORK, NY — (MARKET WIRE) — 11/19/2003 — A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased orotherwise acquired shares or other ownership […]